HAMBURG, GERMANY: COLEXON Energy AG has sold two further solar project companies as part of the plan to streamline its business activities. COLEXON has sold the Renewagy 1. Solarprojektgesellschaft mbH & Co. KG, with a rooftop installation portfolio in Southern Germany consisting of 55 photovoltaic installations at 29 locations and a nominal output of 4.5 MWp. Buyer is Belgian-based solar power producer 7C Solarparken N.V. headquartered in Mechelen. Both parties have agreed to not to divulge the sale price.
Furthermore, COLEXON has sold a photovoltaic installation in Italy with a nominal output of 1 MWp to an Italian energy utility company. Antitrust approval for the transaction is expected in the coming month. Both parties have also agreed not to divulge the sale price.
Following these transactions, COLEXON maintains a portfolio of German core projects with a nominal output of 23.2 MWp in total bundled in seven project companies, as well as core projects in Italy with a nominal output of 5 MWp in total, partially bundled in a local joint venture.
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